Welocalize to Add On Park IP

Welocalize, a Riverside Partners portfolio company, has entered into a definitive agreement to make a significant investment in Park IP Translations. Welocalize provides globalization consulting, localization and testing solutions, while Park IP provides translation consultancy services for the intellectual property (IP) community. Following the completion of the transaction, Park IP will merge with Welocalize, which has been backed by Riverside since November 2010.